Posts tagged as:

short sales and taxes

California homeowners who walk away get BIG tax surprise from the state

by Moe Bedard

San Diegans who have lost their homes through foreclosure or short-sales thought they had emerged from the dark times and could start rebuilding their lives.

Then the state tax man came calling.

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IRS Tax Laws on Short Sales

by Moe Bedard

Disclaimer: I am not an accountant or an attorney. It is important to consult with a professional tax attorney or accountant when considering the implications of the law regarding your individual situation.
In order to avoid home foreclosures, which can be complicated and lengthy, banks often engage in negotiations with borrowers. A short sale occurs when [...]

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